Longview, Texas-based Good Shepherd Health System, which has been struggling to achieve financial stability, is now seeking an affiliation partner, according to a Longview New-Journal report.
Transactions & Valuation Issues
The Illinois Health Facilities and Services Review Board has approved the proposed affiliation between St. Louis-based BJC HealthCare and Memorial Hospital in Belleville, Ill., according to a Belleville News-Democrat report.
The second quarter of fiscal year 2015 saw an uptick in hospital and health system merger and acquisition activity, according to the latest analysis by Kaufman, Hall & Associates.
The commissioner of health for New York has given final approval for Peconic Bay Medical Center in Riverhead, N.Y., to join Great Neck, N.Y.-based North Shore-LIJ Health System, according to a RiverheadLOCAL report.
The boards of directors of Caverna Memorial Hospital in Horse Cave, Ky., and The Medical Center in Bowling Green, Ky., have agreed to a deal for Caverna Memorial to join forces with The Medical Center.
Advertisement
The following healthcare mergers, acquisitions and general transactions took place or were announced in the past week.
A bankruptcy judge has signed off on the merger of Parkview Adventist Medical Center and Mid Coast Health Services, both based in Brunswick, Maine, according to a Portland Press Herald report.
Lafayette (La.) General Health has announced it will acquire Regional Medical Center of Acadiana in Lafayette from HCA MidAmerica, a division of Nashville, Tenn.-based Hospital Corporation of America.
Woonsocket, R.I.-based CVS Health announced Tuesday it closed the $12.9 billion deal to acquire Cincinnati-based pharmacy services provider Omnicare.
Saint Michael's Medical Center in Newark, N.J., a subsidiary of Livonia, Mich.-based Trinity Health, filed for chapter 11 bankruptcy protection Aug. 10, and now the financially troubled facility has two interested buyers, according to an NJ Advance Media report.